- Gunman had ‘bump-stock’ device that could speed fire (AP)
- Supreme Court Takes On Partisan Gerrymandering (WSJ)
- Tom Petty, 'distinctively American' rocker, dies aged 66 (Reuters)
- White House: Now Isn’t the Time to Talk With North Korea (WSJ)
- Dems plan to make gun control an issue in Nevada (The Hill)
- Trump Heads for Puerto Rico After Tentative Storm Response (BBG)
- The GOP Tax Plan Is Already Hitting Speed Bumps (BBG)
- White House Close to Ending Mueller Probe Backlog (BBG)
- Gravitational wave pioneers win 2017 Nobel Physics Prize (Reuters)
- South Korea Phones the North Twice a Day. No One Answers (BBG)
- Facebook Estimates 10 Million Users Saw Russian-Backed Ads (WSJ)
- 26 Recession-Free Years Hide a Darker Picture for Australia (BBG)
- Google Displayed Fake News in Wake of Las Vegas Shooting (BBG)
- These Suburbanites May Have No Fracking Choice (BBG)
- HSBC, Deutsche Bank Pay Penalty for FX Rate Manipulation (Zacks)
- Why You’re Paying Even More for Premium Gas (BBG)
- Qatar Fund Is Said to Weigh Asset Sales as It Looks Homeward (BBG)
- Ireland asks Europe's top court to rule on EU-U.S. data transfers (Reuters)
- Putin Is Filling the Middle East Power Vacuum (BBG)
- China proven gold reserves at 12,100 tonnes at end-2016 (Reuters)
- Trump May Have Found Paths to Save Coal and Hobble Clean Energy (BBG)
- Rich Men With Extreme Politics Have the Happiest Marriages (BBG)
- Macy's, J.C. Penney shares sink after news of faltering Nordstrom deal talks (Marketwatch)
- How UBS Became Home to Half the World’s Billionaires (BBG)
Overnight Media Digest
WSJ
- Tesla Inc badly missed its goal of building 1,500 Model 3 cars in the third quarter, the first sign that the production ramp-up for the new sedan isn't going as smoothly as planned. on.wsj.com/2hHMaor
- Facebook Inc on Monday said it estimates 10 million people saw ads it has discovered on its platform paid for by Russian entities, but warned that it may not have uncovered all malicious activity that attempted to interfere in the American political process. on.wsj.com/2hI7r1u
- Jeff Immelt, the longtime leader of General Electric Co , is stepping aside as chairman and leaving the board of the industrial giant several months ahead of schedule. on.wsj.com/2hIjVWC
- Uber Technologies Inc's board is bracing for a contentious battle over voting control after two investors, Shervin Pishevar and Steve Russell, threatened legal action ahead of a planned vote Tuesday. on.wsj.com/2hGU8hJ
- Sony Corp said the head of its videogame unit, Andrew House who steered PlayStation 4 sales to the top spot globally, will leave the Japanese conglomerate by the end of this year. on.wsj.com/2hJSQm1
FT
The failure of Britain’s Monarch Airlines on Monday left more than 100,000 tourists stranded abroad, prompting the government to start flying them back in what was billed as the country’s biggest peacetime repatriation effort.
The Standards Board for Alternative Investments on Tuesday set out its plans for a new tool to help investors and managers compare costs across investments after an effort to improve fee transparency by alternative investments — including hedge funds, private equity, infrastructure and derivatives — fell short.
The UK’s National Audit Office launched an investigation into government money given to Learndirect, in a move that turns up the pressure on the country’s largest adult training and apprenticeships business.
Three former senior Tesco Plc executives carried on “conniving and manipulating” after a hole in the retailer’s accounts began “spiralling out of control” during the first half of 2014, a court heard on Monday.
NYT
- General Motors Co said it will add at least 20 electric vehicles to its lineup by 2023. nyti.ms/2xW30pY
- Monarch Airlines, a struggling British low-cost carrier and tour operator, collapsed into bankruptcy early Monday, ceasing its flights and forcing the government to step in and bring home more than 100,000 passengers stranded abroad. nyti.ms/2xUqPOa
- Veteran rocker and songwriter Tom Petty died on Monday at the age of 66 after suffering a cardiac arrest. nyti.ms/2fFuoOj
- A gunman on a high floor of a Las Vegas hotel rained a rapid-fire barrage on an outdoor concert festival on Sunday night, leaving at least 59 people dead and injuring 527 others, in one of the deadliest mass shootings in American history. nyti.ms/2x9D9eU
- Federal investigators and officials at Facebook believe that Russian ads on the social media platform during last year's American presidential election were part of a highly coordinated misinformation campaign linked to the Internet Research Agency, a secretive company in St. Petersburg, Russia. nyti.ms/2g4eVIj
Canada
THE GLOBE AND MAIL
** Jean Coutu Group PJC Inc has struck a friendly C$4.5 billion ($3.59 billion) deal to sell its pharmacy business to grocer Metro Inc which would see Jean Coutu shareholders get C$24.50 a share, 75 percent in cash and 25 percent in Metro stock. tgam.ca/2fHnMiI
** Magna International Inc has settled a 20-year-old lawsuit that sought damages of C$2.6 billion against the company after it sold its airbag business in 1997. The company has agreed to pay C$25 million to Windsor, Centoco Holdings Ltd and KS Centoco Ltd, and relinquish a 23 percent stake in steering-wheel manufacturer KS Centoco as part of the settlement. tgam.ca/2fFWyJh
** Brandon Stranzl, executive chairman of Sears Canada Inc , has accused the company of creating a sale process that has sidelined his bid to keep the insolvent retailer operating. Stranzl says Sears' decision to sell its "crown jewels" - among them its 11 best stores - and let go of 1,200 more employees was made without consulting him. tgam.ca/2fHAcqH
NATIONAL POST
** Canada's largest real estate investment trust, RioCan , is putting C$2 billion of its holdings, comprising about 100 properties, onto the market over the next two to three years as it plans to focus on six core markets where there is more opportunity for growth. bit.ly/2fGNfsF
** Scotia Capital Inc, a unit of Bank of Nova Scotia , and Alberta Investment Management Corp (AIMCo) said they would cut their stake in the owner of Toronto Stock Exchange to less than 5 percent each. bit.ly/2fGXehq
** A proposal that would allow U.S. companies to immediately write off capital investments, part of a sweeping tax-reform plan announced by the White House last week, could put Canadian companies at a further disadvantage to their southern counterparts, tax experts say. bit.ly/2fH2eCR
Britain
The Times
-Home Secretary Amber Rudd, has hired pollster Sir Lynton Crosby to help to craft her next election campaign in a move that will fuel speculation she is preparing a leadership bid. bit.ly/2wuDELW
-The Financial Conduct Authority is facing fresh demands to abandon the secrecy it has attached to a review of Royal Bank of Scotland Group Plc's restructuring division after it emerged that it had commissioned the report with a view to making it public. bit.ly/2wuiRZc
The Guardian
-Three former Tesco Plc directors were repeatedly warned by their juniors that the UK chain was facing a multimillion-pound hole in their profits and yet they carried on "conniving and manipulating figures" rather than admitting to the problem,a court heard. bit.ly/2fLXFKU
-The UK's biggest peacetime repatriation is under way after the collapse of Monarch Airlines, with 110,000 customers to be brought home on specially chartered planes and a further 750,000 told that their bookings have been cancelled. bit.ly/2fLzz3a
The Telegraph
-Brexit secretary David Davis plans to retire in 2019 and leave Boris Johnson to steer the United Kingdom through the transitional period. bit.ly/2fMvfAB
-General Electric Co CEO Jeffrey Immelt retired nearly three months ahead of schedule. Immelt announced plans to step down as chairman and chief executive of the company after 16 years in June. He had said he would hand over the CEO post in August and would leave in December. bit.ly/2wttFH1
Sky News
-Uber's regional manager for northern Europe Jo Bertram has quit barely a fortnight after the ride-hailing app was stripped of its licence in London. bit.ly/2fMf1HM
-Environment Secretary Michael Gove has confirmed the Government is working with the industry to see how a "reward and return" scheme could work to tackle plastic pollution in the world's oceans. bit.ly/2wufyRT
The Independent
-Conflicting reports about the death of legendary singer Tom Petty emerged after he experienced a heart attack. The singer-songwriter was reportedly rushed to the UCLA Santa Monica hospital on Monday after being found unconscious in his Malibu home. ind.pn/2wvfuB4
-At least 50 people have been killed and more than 400 were transported to hospital after a gunman opened fire on crowds at a music festival in Las Vegas in the worst mass shooting in US history. ind.pn/2wtumjD